Bangkok Office Cheapest In Asia Pacific
Bangkok became the cheapest office location in Asia Pacific despite the increase in average rents by 5.3 per cent year-on-year for prime grade A CBD office buildings. In contrast, Hong Kong remained the highest priced market in the world for the third consecutive year, with three other Asian markets including Hong Kong-West Kowloon and Tokyo in the top five most expensive office locations – reflecting the growing dominance of the region in the global economic scene.
Out of the 127 cities surveyed, Bangkok was ranked at 115th, with the rent of Bt842 per square metre per month. It is 12 positions below Manila and 69 positions below Jakarta, becoming the cheapest in Asia Pacific.
“Bangkok office rents increased for both